Identify a publically held multinational company of your choice (Apple Inc.) What assumptions is the financial reporting model based on? What principles support the financial reporting model? Who oversees the accounting profession? What is the role of Congress in settling the concerns that arise with accounting firms and their clients? Describe how the annual report differs from the 10-K. What is contained in the annual report that is not in the 10-K and vice versa. How does the 10-K report differ in content from the 10-Q? What is the reason for the difference? Describe 2 disclosures in the 10-K that were surprising or interesting to you? Why were they interesting or surprising to you?